Monday, July 2, 2007

Australian Shares Gain, Led by BHP Billiton, Rio; Wesfarmers, Coles Drop

(Bloomberg) -- Australian stocks advanced, led by BHP
Billiton Ltd. and Woodside Petroleum Ltd. after metals prices rose
and oil climbed to a 10-month high.

Wesfarmers Ltd., Australia's biggest home improvement chain,
fell after it agreed to buy retailer Coles Group Ltd. for A$20.7
billion ($17.7 billion) in the nation's biggest ever takeover.


Read more at Bloomberg Stocks News

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